Integrated Filing — IndAS



General information about company

Scrip Code 544530
NSE Symbol ARSSBL
MSEI Symbol NOTLISTED
ISIN INE549H01021
Name of company Anand Rathi Share and Stock Brokers Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Broking and related services
Start date and time of board meeting 14-01-2026   15:45:00
End date and time of board meeting 14-01-2026   17:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not defaulted in repayment of loans or interest thereon to any bank, financial institution, or debenture holders for the period.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 24,810.20 67,620.40
Other income 77.50 262.50
Total income 24,887.70 67,882.90
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 8,294.30 22,226.40
(e) Finance costs 4,570.40 13,392.80
(f) Depreciation, depletion and amortisation expense 638.20 1,919.70
(f) Other Expenses
1 Fees and commission expense 2,465.20 7,495.70
2 Impairment on financial instruments 14.70 59.40
3 Other Expenses 3,842.30 10,799.00
Total other expenses 6,322.20 18,354.10
Total expenses 19,825.10 55,893.00
3 Total profit before exceptional items and tax 5,062.60 11,989.90
4 Exceptional items 0.00 0.00
5 Total profit before tax 5,062.60 11,989.90
6 Tax expense
7 Current tax 1,274.00 2,979.90
8 Deferred tax 1.30 27.00
9 Total tax expenses 1,275.30 3,006.90
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,787.30 8,983.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 3,787.30 8,983.00
17 Other comprehensive income net of taxes 14.10 42.10
18 Total Comprehensive Income for the period 3,801.40 9,025.10
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 3,136.30 3,136.30
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 7.71 18.29
Diluted earnings (loss) per share from continuing operations 7.47 17.71
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 7.71 18.29
Diluted earnings (loss) per share from continuing and discontinued operations 7.47 17.71
24 Debt equity ratio 58.00 58.00
25 Debt service coverage ratio 172.00 114.00
26 Interest service coverage ratio 212.00 191.00
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. These unaudited standalone financial results have been prepared in accordance with the Indian Accounting Standard (referred to as Ind AS) 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. These unaudited standalone financial results of Anand Rathi Share and Stock Brokers Limited ('Company') for the quarter and nine months ended December 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 14, 2026. The statutory auditors of the Company have carried out a limited review of the above unaudited standalone financial results of the Company for the quarter and nine months ended December 31, 2025 and have issued an unmodified conclusion. 2. Pursuant to the successful listing of the Company’s Initial Public Offering (IPO), the Company has utilized the proceeds raised from the IPO in the manner detailed below: Objects Amount to be utilised utilised till dec 31, 2025 unutilised till dec 31, 2025 working capital 5,500 5,500 - General Purpose 1,535 1,535 - Net Issue proceeds 7,035 7,035 - Issue Expesnses 415 370.63 44.37 Gross issue proceeds 7,450 7,405.63 44.37 3. Pursuant to the provisions of Regulation 52(4) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (“Listing Regulations) and SEBI Master Circular bearing reference no. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025 to the extent applicable to the Commercial Papers (as amended from time to time), information as required for the period ended December 31, 2025 in respect of Commercial Papers of the Company is enclosed as Annexure A. 4. Anand Rathi Share and Stock Brokers Limited's short-term rating for commercial paper is reaffirmed at A1 from CARE on July 31, 2025, and is also assigned A1 by Crisil Ratings on December 11, 2025. 5. As this is the first reporting year of the Company, the figures for the quarter and nine months ended December 31, 2024 have neither been audited nor reviewed by the Statutory Auditors. These figures have been prepared by the management and are presented in the unaudited financial results solely for comparative purposes. 6. The unaudited standalone financial results of Anand Rathi Share and Stock Brokers Limited are also available on the Company's website, www.anandrathi.com and on the stock exchange website www.nseindia.com and www.bseindia.com. 7. The Company operates only in one Business Segment i.e. Broking and related services', hence it does not have any reportable Segments defined as per Ind-AS 108 Operating Segments. 8. Earnings per equity share ('EPS') reported in these unaudited financial results for the quarter and nine months ended December 31, 2025, December 31, 2024 and for quarter ended September 30, 2025 are unannualised. 9. The Central Government has made the Labour Code Bill, comprising four laws, effective from November 21, 2025. The Company has conducted an initial evaluation and, at this stage, does not anticipate any significant impact. However, a detailed assessment is currently underway to determine its implications, including any potential effect on the financial statements. Since this exercise is still in progress, any impact, if identified, will be accounted for after the implementation process is completed, in the subsequent quarter. 10. The previous period/year figures have been regrouped/reclassified wherever necessary to conform to current periods/years presentation.



Remarks

Debt equity ratio
Debt service coverage ratio Better earnings by the Company as compared to debt & interest repayments.
Interest service coverage ratio Better earnings by the Company as compared to finance cost.


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) The Company operates only in one Business Segment i.e. Broking and related services', hence it does not have any reportable Segments defined as per Ind-AS 108 Operating Segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined Benefit Plan 18.80 56.30
Total Amount of items that will not be reclassified to profit and loss 18.80 56.30
2 Income tax relating to items that will not be reclassified to profit or loss 4.70 14.20
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 14.10 42.10





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 26-09-2025
Amount Raised 74,500.00
Report filed for Quarter ended 31-12-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Crisil Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding long-term working capital requirements of our Company NA 55,000.00 0.00 55,000.00 0.00
2 General corporate purposes NA 15,350.00 0.00 15,350.00 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Others
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 21-11-2025
Amount Raised 5,000.00
Report filed for Quarter ended 31-12-2025
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 For Working Capital Purpose NA 5,000.00 0.00 5,000.00 0.00


Signatory Details

Name of signatory Tarak Shah
Designation of person Chief Financial Officer
Place Mumbai
Date 14-01-2026